Bringing National and International Business Stories Home to Your Community by Linda Austin

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Localizing Business Stories Photo by Flickr user p22ear Localizing Business Stories 1

description

Linda Austin, executive director at the Donald W. Reynolds National Center for Business journalism, presents "Bringing National and International Business Stories Home to your Community" during the free Reynolds Center workshop, “Uncovering the Best Local Business Stories,” in Fort Worth.The daylong workshop covered tips on how to find good stories in the business of government, how to cover economic-development agencies at the state and local levels, and how to find public information on private companies.Presenters also discussed how to find stories in small business and publicly available databases, and how to localize national and international stories for your audience.This free training was specifically geared toward community journalists and generalists on tight budgets and small staffs. A previous workshop by the same name was held in Lexington, Ky.For more information about free training for business journalists, please visit businessjournalism.org.

Transcript of Bringing National and International Business Stories Home to Your Community by Linda Austin

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Localizing Business Stories

Photo by Flickr user p22earl

Localizing Business Stories

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• Executive director, Donald W. Reynolds National Center for Business Journalism•Former editor, Lexington Herald-Leader•Former executive editor, The News-Sentinel, Fort Wayne, Ind.•Former managing editor, News & Record, Greensboro, N.C.•Business editor, The Philadelphia Inquirer•Staff writer, Dallas Times Herald

AustinLinda

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How often do you localize a national or international story?

A. RarelyB. OccasionallyC. Frequently

Photo by Flickr user kojotomoto

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“Our survey says…”

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What was the last story you localized?

• How did you get onto the story?• Where did you find sources?• How did it turn out?

Photo by Flickr user Colin_K

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The Lufkin News: local jobless rate

http://lufkindailynews.com/business/article_9b530df6-8b0d-11e1-abf0-001a4bcf887a.html

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Texas Labor Market & Career Info

http://www.tracer2.com/default.asp?PAGEID=94&SUBID=150

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Texas Labor Market & Career Info

http://www.tracer2.com/default.asp?PAGEID=94&SUBID=150

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Workforce Development Areas

http://www.twc.state.tx.us/dirs/wdbs/wdbmap.html

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What you will learn

Why to localize business stories

Where to find ideasWhen to localize

business storiesHow to localize

business stories using a simple tool called the stakeholder wheel By Flickr user dok1

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Why localize business stories?

1. Fresh and enterprising

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Example: Localizing the Japanese tsunami

http://www.lasvegassun.com/news/2011/mar/16/tsunamis-ripples-could-reach-nevada/

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Why localize business stories?

2. Draws and engages audiences

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Example: Localizing the foreclosure crisis

http://www.azcentral.com/community/scottsdale/articles/2012/03/19/20120319arizona-animal-rescues-face-growing-need-foster-owners.html

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Why localize business stories?

3. RelevantPhoto by Flickr user p22earl

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Example: Localizing the black farmers settlement

http://www.cnn.com/2011/10/28/us/black-farmers/index.html?iref=allsearch

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Tips from Melissa Preddy

http://businessjournalism.org/author/mpreddy/

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Tips from Melissa Preddy

http://bit.ly/blackfarmers

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Tips from Melissa Preddy

• The official website for the settlement: https://www.blackfarmercase.com//

• Has list of law firms representing clients

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Another tip: trade groups

• The Black Farmers and Agriculturalists Association: http://www.bfaa-us.org/index.html

• National Black Farmers Association: http://www.blackfarmers.org/

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Another tip: finding trade groups

• American Society of Association Executives search:

http://www.asaecenter.org/Community/Directories/AssociationSearch.cfm

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Another tip: finding trade groups

• The Federation of International Trade Associations

http://fita.org/members_dir.html

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Example: Localizing black farmers settlement

http://www.wral.com/news/political/story/10605423/

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Photo by Flickr user kojotomoto

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Where to find ideas: 1. What you see

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Wh e re to fi n d id e a s :

http://nyti.ms/NYTcandy

2. What you see in national media

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Where to find ideas:

http://www.ers.usda.gov/publications/err53/err53.pdf

3. What you read in releases, reports

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Example: Localizing agritourism

http://www.azcentral.com/business/articles/2012/02/02/20120202yuma-arizona-agritourism.html

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When to localize?

http://www.sltrib.com/sltrib/money/53658159-79/service-verizon-per-wireless.html.csp

1. Stories that impact your audience

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When to localize?

2. People in town are talking about it

http://businessjournalism.org/2011/10/26/hunting-season-ushers-in-whole-new-business-beat/

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When to localize?

3. You can bring some-thing special to the coverage

http://www.startribune.com/projects/96995289.html

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How to localize: Stakeholders wheel

HUB

SPOKES

HUB = News

SPOKES = Primary stakeholders

RIM = Secondary stakeholders

Credit: Jacqui Banaszynski

RIM

By Flickr user dok1

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Example: Who are the stakeholders?Primary (spokes)

• Governments (state, national, foreign)• Beef ranchers• Consumers

Secondary (rim)• Lobbyists• Meat processors• Food distributors• Butchers• Grocery stores• Restaurants• Health inspectors• Chicken, hog farmers•Schools

Credit: Jacqui Banaszynski

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Exercise: Localizing gas prices

http://abcnews.go.com/GMA/video/gas-prices-force-drivers-extreme-measures-crazy-lengths-save-money-travel-costs-fuel-oil-13457953

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Stakeholders wheel

HUB

SPOKES

HUB = News

SPOKES = Primary stakeholders

RIM = Secondary stakeholders

Credit: Jacqui Banaszynski

RIM

By Flickr user dok1

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Gas: who are the stakeholders?

http://www.huffingtonpost.com/2012/02/23/super-commuters-on-the-rise_n_1296488.html

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Gas: who are the stakeholders?

http://www.azcentral.com/arizonarepublic/news/articles/2012/03/07/20120307business-gas-prices-handle.html

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Gas: who are the stakeholders?

http://www.salemnews.com/business/x928075761/Rising-gas-prices-eat-up-service-station-owners-profits

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Gas: who are the stakeholders?

http://www.tri-cityherald.com/2012/03/26/1879532/fuel-fertilizer-prices-perplex.html

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Gas: who are the stakeholders?

• “Yiannis Melidis, co-owner of Pegasus Restaurant & Taverna, at 130 S. Halsted St. in Chicago, said fuel surcharges on such services as seafood delivery and garbage pickup have boosted the cost of running his business by 3 to 4 percent. Pegasus is absorbing those costs, but to keep profit margins from shrinking it has been cutting employees' hours. A waiter who had worked 32 to 36 hours a week, for example, now works 28 to 30 hours a week.” – Chicago Tribune, March 7, 2011

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Gas: who are the stakeholders?

http://www.tampabay.com/news/business/autos/amid-rising-oil-prices-makers-of-corn-based-ethanol-crank-up-output/1155854

Photo by Flickr user lincolnearthday

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Gas: who are the stakeholders?

http://www.kentucky.com/2011/05/29/1756592/cumberland-marinas-hope-gas-prices.html#storylink=misearch

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Gas: who are the stakeholders?

http://www.tdtnews.com/index/news/show/85550?title=Rising+gas+prices+affect+city+budget

By Flickr user Linus Henning

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Gas: who are the stakeholders?

http://cronkitenewsonline.com/2011/03/increased-gas-prices-may-impact-food-pantries-outreach/

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What you learned

HUB

SPOKES

Why to localize business storiesWhere to find ideasWhen to localize business storiesHow to localize business stories using the stakeholder wheel:

o Hub =newso Spokes =primary stakeholderso Rim =secondary stakeholders

RIM

By Flickr user dok1

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• Executive director, Donald W. Reynolds National Center for Business Journalism

[email protected]@LindaAustin_602-496-9187

BusinessJournalism.org@bizjournalism

AustinLinda

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Tips from Melissa Preddy

http://businessjournalism.org/author/mpreddy/

http://bit.ly/MelissaPreddyRSS

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Handouts, slides, video

http://bit.ly.self-guided-training

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Upcoming free training

http://bit.ly/bizjtraining